http://www.case.org/x29101.xmlen-usWed, 20 Mar 2013 22:28:40 UTCWed, 20 Mar 2013 22:28:40 UTCcasenetwork@case.orgcasenetwork@case.orgOct. 21, 2011<p>On Tuesday, Oct. 18, the Senate Finance Committee held a hearing to examine the tax treatment of charitable giving. Proposals to reduce the value of the charitable deduction were the main topic of discussion among committee members and witnesses. A number of witnesses voiced concern about proposals to cap the value of the charitable deduction at 28 percent for high-income taxpayers and urged the committee to preserve the deduction in its current form. <a href="Public_Policy/United_States/Senate_Finance_Committee_Hearing_Recap_.html" title="recap of the hearing">Read CASE's recap of the hearing.</a></p> <p>Proposals to reduce the value of the charitable deduction will likely be discussed by lawmakers serving on the Joint Select Committee on Deficit Reduction (also known as the Super Committee) as they work to find ways to achieve $1.5 trillion in deficit reduction by Nov. 23. CASE will continue to urge lawmakers to protect and preserve the value of the charitable deduction.</p>x38101Oct. 12, 2011<p>On Tuesday, Oct. 18, at 10:00 a.m., the Senate Finance Committee will hold a hearing on incentives for charitable giving. The hearing is one of a series of hearings the Finance Committee has convened on tax reform options. President Obama's proposal to cap the value of the charitable deduction at 28 percent for taxpayers earning more than $200,000 ($250,000 for married couples) will likely be discussed by witnesses and committee members. Dr. Frank Sammartino of the Congressional Budget Office will also likely testify on a recent <a href="Publications_and_Products/June_2011/Federal_News/CBO_Report_Outlines_Options_for_Changing_Tax_Treatment_of_Charitable_Giving.html" title="CBO Report on Tax Treatment of Charitable Giving">CBO report</a> that outlines options for changing the tax treatment of charitable giving.</p> <p>Here is the full witness list:</p> <ul> <li><strong>Dr. Frank Sammartino</strong>, deputy assistant director for tax analysis, Congressional Budget Office, Washington, D.C., </li> <li><strong>Elder Dallin H. Oaks</strong>, The Quorum of the Twelve Apostles, The Church of Jesus Christ of Latter-day Saints, Salt Lake City, Utah, </li> <li><strong>Dr. Eugene Steuerle</strong>, Richard B. Fisher Chair and Institute Fellow, The Urban Institute, Washington, D.C., </li> <li><strong>Brian A. Gallagher</strong>, president and CEO, United Way Worldwide, Alexandria, Va., and&nbsp;</li> <li><strong>Roger Colinvaux</strong>, associate professor, The Catholic University of America, Columbus School of Law, Washington, D.C. </li> </ul> <p>View the full <a href="http://finance.senate.gov/hearings/hearing/?id=915d5477-5056-a032-524b-feac6e9e3321" title="Senate Finance Committee Hearing Notice" target="_blank">hearing notice</a>. Live video of the hearing will be available on the Senate Finance Committee <a href="http://finance.senate.gov" title="Senate Finance Committee website">website</a>.</p> <p>CASE will continue to urge lawmakers to protect the value of the charitable deduction and will post a recap of the hearing.</p> <p>&nbsp;</p>x37915Sept. 13, 2011<p>According to the Obama Administration, President Obama's jobs bill, the American Jobs Act, will be funded by reducing the value of itemized deductions, including the charitable deduction, for high-income taxpayers.</p> <p>If enacted as is, the American Jobs Act would cap the value of the charitable deduction at a 28 percent rate for taxpayers earning more than $200,000 annually ($250,000 for married couples). Currently, the value of the charitable deduction for these taxpayers is equal to the marginal tax bracket (33 percent or 35 percent, depending on personal income). Reducing the value of the charitable deduction and other itemized deductions would raise $400 billion, funding almost the entire cost of the president's jobs bill.</p> <p>It is unclear whether lawmakers will agree to enact a charitable deduction cap. The Joint Select Committee on Deficit Reduction, also known as the Super Committee, is meeting over the next three months to find ways to reduce the federal deficit by $1.5 trillion dollars over 10 years. During their deliberations, members of the Super Committee will likely consider a number of revenue-raising proposals, including the charitable deduction cap. The Obama Administration is open to considering other revenue-raising proposals offered by the Super Committee to fund its jobs bill.</p> <p>CASE will continue to urge lawmakers to protect the value of the charitable deduction and will oppose any effort to reduce its value. Reducing tax incentives for philanthropic giving at a time when governments continue to cut education funding would further squeeze institutional budgets, reducing educational opportunity and access for students. CASE strongly believes that lawmakers should enact policies that encourage all Americans, regardless of their income, to give more to education and other charitable causes.</p>x37448July 20, 2011<p>CASE and 22 other nonprofit associations and organizations have sent a<a href="Documents/PublicPolicy/Coalition_Deduction_Letter_to_Congress_FINAL_0714.pdf" title="Coalition Letter on Charitable Deduction" target="_blank"> joint letter </a>(pdf) to the U.S. House and Senate leadership urging lawmakers to protect the value of the charitable deduction by opposing efforts to cap the value of itemized deductions for charitable contributions.</p> <p>President Barack Obama and House and Senate leaders are currently trying to reach an agreement on a deficit reduction package that would be tied to raising the debt ceiling. In the negotiations, President Obama continues to advocate for tax proposals in his FY2012 budget, including his proposal to cap the charitable deduction at 28 percent for high-income taxpayers (individuals earning $200,000 annually, $250,000 for households).</p> <p>In the <a href="Documents/PublicPolicy/Coalition_Deduction_Letter_to_Congress_FINAL_0714.pdf" title="Coalition Letter on Charitable Deduction" target="_blank">July 14 letter</a> (pdf), the nonprofit coalition urges lawmakers to oppose the 28 percent cap proposal, stating, "Despite how the proposal looks on paper, wealthy Americans will not bear the brunt of a cap or reduction in the value of itemized deductions-America's poor will." The coalition letter also referenced the impact that charitable organizations have on the economy and Americans' strong support for the charitable deduction.</p> <p>The president and lawmakers hope to reach an agreement on a deficit reduction package prior to the Aug. 2 debt ceiling deadline. A <a href="http://assets.nationaljournal.com/pdf/071911ConradBudgetExecutiveSummary.pdf" title="Gang of Six deficit reduction proposal" target="_blank">deficit reduction proposal</a> (pdf) released on July 19 by the bipartisan "Gang of Six" Senators calls on Congress to reform, but not eliminate, tax expenditures for charitable giving. CASE will continue to urge lawmakers to protect the value of the charitable deduction.</p> <p>&nbsp;</p> <p>&nbsp;</p>x36717Feb. 14, 2011<p>President Barack Obama's fiscal year 2012 budget plan once again includes a proposal to cap the value of charitable deductions for high-income taxpayers.</p> <p>Currently, taxpayers earning more than $200,000 annually ($250,000 for married couples) can take itemized deductions, including the charitable deduction, at a rate equal to their tax bracket (33 percent or 35 percent). The president's proposal would cap the value of itemized deductions for these taxpayers at 28 percent, effectively increasing the cost of giving for these individuals.</p> <p>Revenue generated from the cap would be used to cover the costs of preventing the Alternative Minimum Tax from covering middle-class Americans for three years. Other itemized deductions, including the mortgage interest and state and local tax deductions, would also be capped at 28 percent. You can read more about the proposal beginning on page 131 in the <a href="http://www.treasury.gov/resource-center/tax-policy/Documents/Final%20Greenbook%20Feb%202012.pdf" title="FY 2012 Green Book " target="_blank">FY2012 U.S. Treasury Dept. Green Book</a> (pdf).</p> <p>President Obama's budget plan does not include the National Commission on Fiscal Responsibility and Reform's proposal to replace the current charitable deduction with a 12 percent non-refundable tax credit available to all taxpayers.</p> <p>CASE will continue to urge the administration and Congress to protect the value of the charitable deduction.</p> <p>&nbsp;</p>x33891Dec. 17, 2010<p>On Dec. 17, President Barack Obama signed <a href="http://democrats.senate.gov/pdfs/MAT10785.pdf" title="H.R. 4853" target="_blank">H.R. 4853</a> (pdf) into law, a tax bill that temporarily extends the federal estate tax and IRA charitable rollover. Both the House (277-148) and Senate (81-19) passed the bill, which also extends the current marginal tax rates for all taxpayers through 2012.</p> <p>H.R. 4853 renews the federal estate tax for two years (through Dec. 31, 2012) at a 35 percent rate with the first $5 million ($10 million for households) of an estate exempt from tax. An attempt by House Democrats to change the estate tax provision in the bill failed. House Democrats wanted the estate tax to revert to its 2009 levels (45 percent tax rate, $3.5 million exemption). Over the next two years, CASE will continue to advocate for a permanent extension of the estate tax at its 2009 levels.</p> <p>The bill also retroactively extends the IRA charitable rollover from Jan. 1, 2010 through Dec. 31, 2011. The IRA charitable rollover allows taxpayers starting at age 70 &frac12; to direct up to $100,000 per year from their individual retirement accounts (IRAs) to eligible charities without counting the distributions as income for tax purposes. H.R. 4853 allows taxpayers who make IRA charitable rollover gifts in January 2011 to count those gifts towards the 2010 tax year (the $100,000 limit still applies).</p> <p>H.R. 4853 was the result of negotiations between President Obama and Senate Republicans. On Dec. 10, CASE joined higher education association colleagues on a <a href="Documents/PublicPolicy/Senate Letter Extension of key Higher Ed Tax provisions 12 10 10.pdf" title="Letter to Senate on Higher Ed Tax Incentives" target="_blank">letter</a> (pdf) urging the Senate to extend key higher education tax incentives, including the IRA charitable rollover.</p>x33099Dec. 16, 2010<p>On Dec. 16, the U.S. House passed <a href="http://democrats.senate.gov/pdfs/MAT10785.pdf" title="H.R. 4853" target="_blank">H.R. 4853</a> (pdf), a tax package that would temporarily extend the federal estate tax and the IRA charitable rollover, by a vote of 277-148. The bill, which passed the Senate 81-19 on Dec. 15, now heads to the White House where President Obama is expected to sign the measure in the coming days.</p> <p>If signed by the President, H.R. 4853 would renew the federal estate tax for two years (through Dec. 31, 2012) at a 35 percent rate with the first $5 million ($10 million for households) of an estate exempt from tax. Additionally, the deal retroactively extends the IRA charitable rollover from Jan. 1, 2010 through Dec. 31, 2011. Taxpayers who make IRA charitable rollover gifts in January 2011 would also be eligible to count those gifts towards the 2010 tax year (the $100,000 limit still applies).</p> <p>The tax package is the result of negotiations between President Obama and Senate Republicans. An attempt by House Democrats to change the estate tax provision prior to the final vote failed. The House Democratic amendment would have set the estate tax rate at 45 percent and exemption level at $3.5 million ($7 million for households).</p> <p>Last week, CASE joined association colleagues on a <a href="Documents/PublicPolicy/Senate Letter Extension of key Higher Ed Tax provisions 12 10 10.pdf" title="Letter to Senate on Higher Ed Tax Incentives" target="_blank">letter</a> (pdf) urging the Senate to extend key higher education tax incentives, including the IRA charitable rollover.</p>x33082Dec. 15, 2010<p>On Dec. 15, the U.S. Senate passed <a href="http://democrats.senate.gov/pdfs/MAT10785.pdf" title="Senate Amendment to H.R. 4853" target="_blank">H.R. 4853 </a>(pdf), a tax package that temporarily extends the federal estate tax and the IRA charitable rollover, by a vote of 81-19. The U.S. House is expected to consider the bill by the end of the week.</p> <p>If enacted, the bill would renew the federal estate tax for two years (through Dec. 31, 2012) at a 35 percent rate with the first $5 million ($10 million for households) of an estate exempt from tax. Additionally, the deal retroactively extends the IRA charitable rollover from Jan. 1, 2010 through Dec. 31, 2011. Taxpayers who make IRA charitable rollover gifts in January 2011 would also be eligible to count those gifts towards the 2010 tax year (the $100,000 limit still applies).</p> <p>The tax package is the result of negotiations between President Obama and Senate Republicans. Though the bill is expected to pass the House, House Democrats may attempt to change the estate tax provision during consideration of the bill. House Democrats would prefer an estate tax rate of 45 percent and an exemption level of $3.5 million ($7 million for households). Congressional Republicans would be unlikely to go along with such a change.</p> <p>CASE will continue to provide updates on the status of the estate tax and the IRA charitable rollover.</p>x33063Dec. 9, 2010<p>A <a href="http://democrats.senate.gov/pdfs/MAT10785.pdf" title="Senate Tax Deal" target="_blank">tax deal</a> (pdf) negotiated by President Barack Obama and congressional Republican leaders would temporarily extend the federal estate tax and the IRA charitable rollover. Congress is expected to consider the tax package during the week of Dec. 13.</p> <p>If enacted, the deal would renew the federal estate tax for two years (through Dec. 31, 2012) at a 35 percent rate with the first $5 million of an estate exempt from tax. Additionally, the deal retroactively extends the IRA charitable rollover from Jan. 1, 2010 through Dec. 31, 2011. Taxpayers who make IRA charitable rollover gifts in January 2011 would also be eligible to count those gifts towards the 2010 tax year (the $100,000 limit still applies).</p> <p>During the week of Dec. 13, both the Senate and House are expected to consider the tax deal. It is unclear if the&nbsp;final bill&nbsp;will garner enough votes to pass, particularly in the House.</p> <p>CASE will continue to provide updates on the status of the estate tax and the IRA charitable rollover.</p>x33004Dec. 7, 2010<p>A tax deal negotiated by President Barack Obama and congressional Republican leaders would renew the federal estate tax for two years at a 35 percent rate with the first $5 million of an estate exempt from tax. Congress is expected to consider the package in the coming days, though it is unclear if congressional Democrats will go along with the deal.</p> <p>Currently, the estate tax is temporarily repealed but, without congressional action, will reappear at its pre-2001 levels ($1 million exemption, 55 percent tax rate) on Jan. 1, 2011. For the past two years, President Obama and congressional Democrats have been pushing for a permanent extension of the estate tax at its 2009 levels (45 percent tax, $3.5 million exemption).The estate tax proposal included in the tax deal is more generous to heirs than the 2009 levels and mirrors a proposal offered earlier this year by Senators Jon Kyl (R-Ariz.) and Blanche Lincoln (D-Ark.).</p> <p>In addition to an estate tax extension, the tax deal includes a two-year extension of all the tax cuts enacted by President George W. Bush, a 13 month extension of unemployment benefits, a two-year extension of the American Opportunity Tax Credit, a payroll tax cut for 2001 and a proposal that prevents the middle class from being subject to the Alternative Minimum Tax for the next two years. It is unclear if the final deal will also include an extension of the IRA charitable rollover.</p> <p>CASE will continue to provide updates on the status of the estate tax and the IRA charitable rollover.</p> <p>&nbsp;</p> <p>&nbsp;</p>x32985Oct. 1, 2010<p>Congress adjourned on Wed., Sept. 29 without taking action on the estate tax and an extension of the IRA charitable rollover. Both issues will likely be on a long list of items lawmakers will consider when they return to Washington after the midterm elections.</p> <p>Currently, the estate tax is temporarily repealed but, without congressional action, will reappear at its pre-2001 levels ($1 million exemption, 55 percent tax rate) on Jan. 1, 2011. While the House has passed a bill (<a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.04154:" title="H.R. 4154">H.R. 4154</a>) that would permanently extend the estate tax at its 2009 levels ($3.5 million exemption, 45 percent tax rate), Senate Democratic leaders do not have the 60 votes necessary to pass H.R. 4154 in their chamber. It is also unclear if an alternative estate tax proposal that would be more generous to heirs, introduced by Sens. Blanche Lincoln (D-Ark.) and Jon Kyl (R-Ariz.), can get the necessary 60 votes in the Senate. The Lincoln-Kyl proposal would set the exemption level at $5 million while the remainder of the estate would be taxed at a 35 percent rate.</p> <p>Action on an IRA charitable rollover extension has also stalled. Prior to its expiration on Dec. 31, 2009, the IRA charitable rollover allowed taxpayers age 70 &frac12; or older to direct up to $100,000 annually from their individual retirement accounts to eligible charities, including colleges, universities and independent schools, without having to count the distribution as income for tax purposes. Multiple attempts to pass legislation that includes a one-year retroactive IRA charitable rollover extension have failed in the Senate.</p> <p>Lawmakers may attach the estate tax and IRA charitable rollover extension to a larger tax bill during an expected lame duck session of Congress after the November elections. Any extensions would likely be short-term (one or two years).</p> <p>CASE will continue to urge lawmakers to permanently extend the estate tax and IRA charitable rollover as soon as possible.</p> <p>&nbsp;</p>x31665June 25, 2010<p>On June 24, Senate Democratic leaders pulled the American Workers, State and Business Relief Act of 2010 (<a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.04213:" title="H.R. 4213" target="_blank">H.R. 4213</a>), a bill that includes a one-year retroactive extension of the IRA charitable rollover, from floor consideration after a second attempt to move to a final vote on the bill failed. The Senate is now unlikely to act on an IRA charitable rollover extension until the fall.</p> <p>Prior to its expiration on Dec. 31, 2009, the IRA charitable rollover allowed taxpayers age 70 &frac12; or older to direct up to $100,000 annually from their individual retirement accounts to eligible charities, including colleges, universities and independent schools, without having to count the distribution as income for tax purposes. If enacted, H.R. 4213 would retroactively extend the IRA charitable rollover for one year-from Jan. 1 to Dec. 31, 2010.</p> <p>Despite efforts to scale back the cost of H.R. 4213, Senate Democrats fell three votes short of the required 60 votes to proceed to a final vote on the bill. Senate Majority Leader Harry Reid (D-Nev.) indicated that he does not expect the Senate to return to the bill in the short term. With a packed agenda in July and a recess period in August, it is unlikely the Senate will take up H.R. 4213 until September at the earliest.&nbsp;</p>x30460June 17, 2010<p>The U.S. Senate is currently considering the American Workers, State and Business Relief Act of 2010 (<a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.04213:" title="H.R. 4213" target="_blank">H.R. 4213</a>), a bill that includes a one-year retroactive extension of the IRA charitable rollover. Senate Democratic leaders hope to proceed to a vote on the bill by June 18.</p> <p>Prior to its expiration on Dec. 31, 2009, the IRA charitable rollover allowed taxpayers age 70 &frac12; or older to direct up to $100,000 annually from their individual retirement accounts to eligible charities, including colleges, universities and independent schools, without having to count the distribution as income for tax purposes. If enacted, H.R. 4213 would retroactively extend the IRA charitable rollover for one year-from Jan. 1 to Dec. 31, 2010.</p> <p>The overall cost of H.R. 4213, combined with the fact that a significant portion of the bill is not revenue-neutral, is making it difficult for Democratic leaders to secure the votes needed in the Senate. Though the IRA charitable rollover extension would be paid for, the bill also includes an extension of unemployment and health benefits and a provision to prevent a significant cut in doctors' reimbursement rates under Medicare that are not offset.</p> <p>On June 16, an attempt in the Senate to proceed to a final vote on the bill failed to get the necessary 60 votes. In response, Senate Democratic leaders have scaled back some of the bill's high cost provisions in the hopes of securing passage of H.R. 4213 by June 18.</p> <p>Though the House already passed H.R. 4213 on May 28, Senate amendments to the bill would mean that the House would have to vote once again on the bill if it passes the Senate. It is unclear if the House would accept the Senate changes.</p> <p>CASE strongly supports the IRA charitable rollover and will continue to urge lawmakers to pass a retroactive extension of the incentive as soon as possible.</p> <p>&nbsp;</p> <p>&nbsp;</p>x30347May 28, 2010<p>Democratic leaders were unable to secure passage of&nbsp;legislation&nbsp;(<a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.04213:" title="H.R. 4213" target="_blank">H.R. 4213</a>) that includes a one-year retroactive extension of the IRA charitable rollover in both the House and Senate before leaving for the Memorial Day recess. While the House passed H.R. 4213 by a vote of 215-204 on May 28, Senate leaders indicated that the Senate would begin consideration of the bill when they return on June 7.</p> <p>Prior to its expiration on Dec. 31, 2009, the IRA charitable rollover allowed taxpayers age 70 &frac12; or older to direct up to $100,000 annually from their individual retirement accounts to eligible charities, including colleges, universities and independent schools, without having to count the distribution as income for tax purposes. If enacted, H.R. 4213 would retroactively extend the IRA charitable rollover for one year-from Jan. 1 to Dec. 31, 2010.</p> <p>The overall cost of H.R. 4213, combined with the fact that a significant portion of the bill is not revenue-neutral, is making it difficult for Democratic leaders to secure the votes needed. Though the IRA charitable rollover extension would be paid for, the bill also includes an extension of unemployment and health benefits and a provision to prevent a significant cut in doctors' reimbursement rates under Medicare that are not offset. Democratic leaders scaled back some of the unpaid for portions of the bill to secure passage in the House. It is unclear if the Senate will adopt the House-passed bill.</p> <p>CASE strongly supports the IRA charitable rollover and will continue to urge lawmakers to pass a retroactive extension of the incentive as soon as possible.</p>x29537May 27, 2010<p>Democratic leaders in both the House and Senate hope to pass the American Workers, State and Business Relief Act of 2010 (<a href="http://thomas.loc.gov/cgi-bin/bdquery/z?d111:h.r.04213:" title="H.R. 4213">H.R. 4213</a>), a bill that includes a one-year retroactive extension of the IRA charitable rollover, before Memorial Day. It is unclear if they will have the votes necessary to secure its passage in both chambers.</p> <p>Prior to its expiration on Dec. 31, 2009, the IRA charitable rollover allowed taxpayers age 70 &frac12; or older to direct up to $100,000 annually from their individual retirement accounts to eligible charities, including colleges, universities and independent schools, without having to count the distribution as income for tax purposes. If enacted, H.R. 4213 would retroactively extend the IRA charitable rollover for one year-from Jan. 1 to Dec. 31, 2010.</p> <p>The overall cost of H.R. 4213, combined with the fact that a significant portion of the bill is not revenue-neutral, is making it difficult for Democratic leaders to secure the votes needed for House and Senate passage. Though the IRA charitable rollover extension would be paid for, the bill also includes an extension of unemployment and health benefits and a provision to prevent a significant cut in doctors' reimbursement rates under Medicare that are not offset. Democratic leaders have already scaled back some of the unpaid for portions of the bill in the hopes of attracting the necessary votes. The House plans to take up the bill on Thursday, May 27. If the House passes H.R. 4213, the Senate could consider the bill on Friday, May 28.</p> <p>CASE strongly supports the IRA charitable rollover and will continue to urge lawmakers to pass a retroactive extension of the incentive as soon as possible.</p>x29528May 17, 2010<p>In an <a href="http://www.irs.gov/pub/irs-tege/cucp_interimrpt_052010.pdf" title="IRS Interim Report" target="_blank">interim report</a> (PDF) released May 7, the Internal Revenue Service raises questions about college and university compensation and unrelated business practices. The IRS plans to further analyze these practices in the examination phase of its ongoing college and university compliance project.</p> <p>Two years ago, the IRS announced the beginning of its college and university compliance project, a project designed to learn more about the activities and scope of public and private nonprofit colleges and universities offering 4-year degrees. In October 2008, the IRS sent questionnaires to 400 colleges and universities asking about endowments, compensation and unrelated business income activities. The interim report provides a preliminary analysis of responses provided by 344 institutions divided into three categories: small (fewer than 5,000 students), medium (5,000-14,999 students) and large (15,000 or more students).</p> <p>Key findings include:</p> <ul> <li>Nearly half (48%) of small institutions reported never filing a Form 990-T (unrelated business income tax return), compared to 29% for medium institutions and 4% for large institutions.</li> <li>The percentage of colleges and universities that indicated engaging in an activity was much higher than the percentage of organizations that reported including that activity on their Form 990-T. </li> <li>The highest paid employee (other than an officer, director, trustee or key employee) at large institutions was most often a sports coach (43% of organizations).</li> <li>At private institutions of all size levels, the use of comparability data was not used as frequently as other methods in determining compensation.</li> <li>The average and median target endowment spending rates were consistent among all size categories - 4.7% to 5.0%. </li> </ul> <p>The report indicates that the IRS is currently examining more than 30 institutions as part of the examination phase of the compliance project. Given the interim reports findings, IRS examinations are focused mostly on unrelated business taxable income and executive compensation issues. The IRS plans to issue a final report that will combine questionnaire findings with findings from the examinations and analyses of institution responses to the new Form 990. The full interim report and an executive summary are available on the <a href="http://www.irs.gov/charities/charitable/article/0,,id=220698,00.html" title="IRS Press Statement on Interim Report" target="_blank">IRS website</a>.</p>x29321